Multinational low-cost carrier heavyweight AirAsia is looking to secure new investment in its franchise airlines as the group ramps up its fleet expansion and streamlines its sprawling structure. Driven by high-profile Group CEO Tony Fernandes, Malaysia-based AirAsia has spawned joint-venture carriers in five other countries, with more in the pipeline. The group had slowed its fleet growth to strengthen its finances, but it has now swung firmly back to expansion mode. As its overseas ...

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